Ferrari N.V. (NYSE: RACE), Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) (“FCA”) and FE New N.V.[1] (“Ferrari”) announced today that Borsa Italiana S.p.A. has approved the listing of the common shares of Ferrari on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. (“MTA”), subject to publication of the related prospectus after authorization by the competent Regulatory Authorities.
As previously announced, the listing of the common shares of Ferrari on the MTA is part of a series of transactions intended to separate Ferrari N.V. from Fiat Chrysler Automobiles N.V. and to deliver to holders of FCA common shares Ferrari common shares in accordance with a spin-off ratio of one Ferrari common share for every ten FCA common shares.
These transactions are expected to be carried out between December 31, 2015 and January 3, 2016 and Ferrari shares are expected to commence trading, subject to completion of the separation, on January 4, 2016.
